https://www.taxtmi.com/caselaws?id=341838 The Appellate Tribunal ITAT Mumbai addressed challenges to the order of the CIT (A)-17, Mumbai, regarding disallowances under sections 14A and 36(1)(iii) of the Income Tax Act. The Tribunal upheld the FAA's decision to delete the disallowance under section 14A, emphasizing the inclusion of investments from merged companies. However, in the case of disallowance of interest under section 36(1)(iii), the Tribunal sent the matter back to the AO for further verification regarding interest-free funds and loans, partially deciding in favor of the AO. en-us Wed, 12 Apr 2017 00:00:00 +0530 Tue, 18 Apr 2017 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341838 The Appellate Tribunal ITAT Mumbai addressed challenges to the order of the CIT (A)-17, Mumbai, regarding disallowances under sections 14A and 36(1)(iii) of the Income Tax Act. The Tribunal upheld the FAA's decision to delete the disallowance under section 14A, emphasizing the inclusion of investments from merged companies. However, in the case of disallowance of interest under section 36(1)(iii), the Tribunal sent the matter back to the AO for further verification regarding interest-free funds and loans, partially deciding in favor of the AO. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341838